Form ITC 02

is change of constitution eligible for transferring ITC to new firm by filling ITC 02
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Quick Summary
Form ITC-02 allows registered taxpayers to transfer their available Input Tax Credit (ITC) to another business entity. This is applicable in cases of business transfer through sale, merger, or demerger. Filing the ITC declaration in form GST ITC-02, as per Section 18(3) read with rule 41, is the correct procedure for transferring your ITC balance.

A Registered Taxpayer can apply for transfer of matched ITC available in the Electronic Credit Leger to another business entity in case of transfer of business by way of sale of business/ merger/demerger by filing of ITC declaration in form GST ITC 02.
As per Section 18(3) r/w rule 41 Yes the ITC 02 can be furnish for transfer of ITC balance
What is the last take ITC for the year 2020-2021

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